Headlines

WASHINGTON - The same Russian online troll farm that meddled in the American presidential election has also taken swipes at Canadian targets, including oil infrastructure and Prime Minister Justin Trudeau.
Evidence is embedded in data made publicly available through investigations in the United States, where congressional probes have been examining Russian information campaigns following the 2016 presidential election.
One report from a Republican-led committee in the House of [Read More…]

Authorities in British Columbia arrested anti-pipeline protesters Saturday on Burnaby Mountain, a first in a string of actions demonstrators said they have planned for the coming week.
Amina Moustaqim-Barrette, who spoke on behalf of a coalition of demonstrators under the banner Protect the Inlet, said each protester was ready to be arrested to send a clear message against Kinder Morgan's Trans Mountain pipeline expansion project.
"The community isn't going to lay down and just accept that [Read More…]

CALGARY, Alberta, March 16, 2018 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("TEI" or the "Corporation") (TSX:TEI) announces financial and operating results for the year ended December 31, 2017.
Financial and operating results:
The following summarizes information contained in the Consolidated Financial Statements and Management’s Discussion and Analysis (“MD&A”) for the year ended December 31, 2017. This news release should not be considered a substitute for reading the full [Read More…]

LONDON (Reuters) - If the oil market has felt unusually quiet in recent weeks and months, that probably reflects the almost complete lack of sharp daily price movements.
While prices have soared by more than 40 percent since the middle of 2017, day-to-day volatility has fallen to its lowest level since 2014, with a relatively smooth and orderly upward adjustment in prices.
Short-term volatility has been trending downwards since early 2016 and in January fell to its lowest since August [Read More…]

Cenovus Energy Inc is seeking a partner to fund C$1.3 billion in costs to build the supporting infrastructure at its Narrows Lake oil sands project in Alberta, people familiar with the matter said on Friday.
Cenovus has been seeking to raise billions to support its projects and reduce its debt burden after its pent C$17 billion on acquiring oil sands and natural gas assets from ConocoPhillips last year.
Cenovus earlier this month hired Credit Suisse and RBC Capital Markets as advisers on [Read More…]

Western Canada’s fleet of drilling rigs went down 54 rigs to the current count of 219 actively drilling rigs according to data collected by Baker Hughes for the week of March 16th.
From one week ago, Alberta rig counts decreased from 187 to 157, the Saskatchewan rig count decreased from 57 to 35.
Oil drilling went from 196 to 144; gas rigs went down from 77 to 75.
View a full breakdown of western Canada’s rig activity. [Read More…]

U.S. energy companies added oil rigs for the seventh time in the last eight weeks on expectations crude prices in 2018 will top 2017, prompting more drillers to boost spending plans for this year.
Drillers added four oil rigs in the week to March 16,bringing the total count to 800, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday.
The U.S. rig count, an early indicator of future output, is much higher than a year ago when 631 rigs were [Read More…]

CALGARY - Shares in Canadian pipeline companies Enbridge Inc. and TransCanada Corp. are recovering from a steep sell-off Thursday after the U.S. eliminated a tax break for owners of certain interstate pipelines. Both Calgary-based companies hold such pipelines in the United States through master limited partnerships or MLPs. The decision by the U.S. Federal Energy Regulatory Commission came in response to an earlier court ruling that found its long-standing tax policy could [Read More…]

VANCOUVER - Protesters must be restrained from obstructing the expansion of the Trans Mountain pipeline, says a British Columbia Supreme Court judge who has granted the company an injunction aimed at preventing people from entering within five metres of two work sites. Justice Kenneth Affleck said Thursday he felt it necessary to make a decision on the second day of a hearing instead of issuing a written order involving outraged demonstrators who have blocked vehicles and workers at the [Read More…]

VANCOUVER - Canada's natural resources minister says Ottawa is determined to see the Trans Mountain pipeline expanded, despite an interprovincial dispute on whether the project should go ahead. Jim Carr said the federal government approved the project because broad consultations determined it was in the national interest and will help facilitate a transition to clean energy. "Our plan is to use this time of transition to Canada's advantage by building the infrastructure to get [Read More…]